Poker is one of the most popular casino games out there, and certainly the one that is given the most media attention. Poker brings to mind images of smoky bars and silent tensions, the scrape of chips across the table and the desperate attempt to read something in your opponent’s expression. However, poker can also be enjoyed within online casino settings. Granted the game is a little different on these platforms and requires the mastery of different skills, but many gamblers actually prefer it over live play for its ease of accessibility.
Within the online poker scene, different casinos offer different benefits to their players; all are known for their strict regulatory adherence and the way they bring the traditional casino experience straight to the gambler’s fingertips. However, there are some casinos, crypto options chief among them, that go above and beyond when it comes to crafting the ultimate casino experience. Let’s explore why!
What are Crypto Casinos?
As the name would suggest, crypto casinos are online casino platforms that allow players to wager and withdraw funds using cryptocurrency. For those who might not be familiar, cryptocurrency is a relatively new form of payment method that exists solely in the digital world, yet still has real-world value. Crypto is gaining popularity on a global scale at such a rate that many people consider it to be the very future of finance itself.
There are countless different crypto casino platforms out there, but the best are those tested and reviewed by specialists as these Expert Picks for Crypto Gambling Sites come with a wealth of bonuses that are guaranteed to make any player’s gambling time as easy, smooth, and enjoyable as possible. Let’s take a look at some of the key advantages of crypto casinos over other online options.
Increased Security
Firstly, crypto casinos are known to have multiple security advantages over platforms that only accept traditional payment methods. This comes from the very nature of cryptocurrency itself as a decentralized asset. This means that it does not rely on the involvement of any third-party institutions, such as banks, in order to function. Instead, when a transaction is made using cryptocurrency, it passes through a massive digital public ledger commonly referred to as the blockchain. This ensures transparency regarding transactions, but since each transaction is also encrypted, it also provides user anonymity, creating a never-before-seen balance.
What this means in the crypto casino scene is that players can engage with online casino sites without having to give away their personal information, such as banking details, in order to wager and withdraw funds. Instead, transactions are made to and from their crypto wallet, directly to the intended location. Because of this, many crypto casinos can legally operate without know-your-customer checks, which greatly improves anonymity and digital security of the player.
Faster Transaction Speeds
There is nothing more frustrating and anxiety-inducing than winning at an online casino and then waiting days, sometimes even weeks, for the pay to hit your bank account, yet this is the norm for many online casino sites. Waiting for payments to come through on ordinary sites is often a lengthy process, which can not only take you out of the game but also leaves the player with significant anxiety about when their winnings will reach their bank.
Crypto casinos, on the other hand, by nature of their integration of cryptocurrency, enable players to wager and withdraw funds almost instantly. This is because of the previously mentioned decentralized nature of cryptocurrency itself and how it allows transactions to be made on a peer-to-peer basis. This is extremely useful for the online gambler as it takes away the unnecessary stress of waiting for winnings to arrive, and also enables them to wager and withdraw seamlessly with little interruption to their play.
An Additional Wager on Crypto Volatility
Another thing that makes crypto casinos shine, and gives players real advantages over more traditional options, comes from the volatility of crypto itself. Unlike other financial methods, the value of cryptocurrency can both rise and fall over time
An example of this is clearest when we examine the most popular form of cryptocurrency out there, Bitcoin. At the time of writing, Bitcoin’s value is over $107,000. However, when it was first released in 2009, this value did not even reach a single dollar. Time and popularity have caused the value of Bitcoin to surge.
Because of this, crypto’s volatility becomes a real asset for gamblers in crypto casinos, as it enables the player to make an additional wager on whether or not their winnings might increase later down the line. What this means is that an additional level of thrill is added to the gambler’s experience which can also lead them to receive greater returns down the line.
Conclusion
It is safe to say that online crypto casinos offer significantly more advantages than the online alternatives that aren’t compatible with cryptocurrency. These advantages cover all kinds of areas, including heightened security, faster transaction speeds, lower transaction costs and the potential for winnings to increase in value over time. If all this wasn’t enough, crypto casinos are also known to offer some of the best bonuses and rewards for both new and seasoned players out there, so there really is no reason not to choose them when looking for a new iGaming platform to explore.